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Linksys Deal Could Boost Cisco, Netgear

Wedbush says Netgear could see opportunities in the near term.

January 28, 2013

Wedbush

Cisco Systems announced that privately held Belkin has agreed to acquire Linksys, its consumer-networking business.

We note that Linksys was acquired by Cisco (ticker: CSCO) in March 2003 for $500 million. Financial terms of the deal were not given, but we estimate total Linksys revenue to be $350 million-$400 million annually...